China relies on the Liaoning aircraft carrier’s increased lethal capabilities to fight any future wars arising out of disputed territorial claims in the South China Sea. China has already notified its citizens to prepare for war. Sputnik reports: Last week, Chinese TV boasted about the “growing combat capabilities” of its Liaoning (CV-16) aircraft carrier, noting that the battle platform can carry up to 20 fighter jets, bolstering Beijing’s balance of naval and aviation power in the Pacific rim amid growing tensions.

So the question is... if Italy leaves, will stocks go even higher?

Forget facts (Saudi output at record high), F##k fundamentals (global growth slowing, global glut rising)... just set the algos to buy on every OPEC headline...

When all OPEC has is "short squeeze" plays - you know just how bad reality is!!

Because what really matters is record highs for stocks...

Because leaving the S&P 500 in the twilight zone last night was not acceptable...

US Federal Tax Receipts are rising at just 1.2% year-over-year (12-mo rolling), slowing drastically from its 13.4% YoY growth in June 2013. While "it's probably nothing," we thought readers may be interested to note that the last six times tax receipt growth was at this weak a level, the American economy was in recession...

A reader writes from France:

Thanks for the very interesting interview with J.D. Vance. I just bought to book after reading your interview and it seems refreshing.

What strikes me is the cultural issues described seems so close to what we experience in Europe (and at least in France). You could almost write the same about the “Nord Pas de Calais” Region in France : White people completely hopeless, destroyed both by their own destructive culture and external factors.